Communify, in collaboration with Stellex Capital Management, has announced the acquisition of Fincentric, the company formerly recognized as Markit on Demand and Markit Digital, from S&P Global. This acquisition marks a pivotal step in revolutionizing financial technology by combining Communify’s leadership in client communication and automation with Fincentric’s legacy of delivering cutting-edge market data solutions.
This transformative acquisition amplifies the strengths of Markit on Demand’s long-standing reputation for turning complex financial datasets into intuitive digital solutions. Together with Communify’s expertise, the integrated entity, Communify Fincentric, is set to deliver unparalleled digital experiences for wealth and asset managers across the globe.
Building on the Legacy of Markit on Demand
With a history of innovation that dates back to its origins as Markit on Demand, Fincentric has consistently been at the forefront of delivering real-time, visually striking, and data-driven financial applications. Now under the banner of Communify Fincentric, the company is positioned to address critical challenges in the financial sector, such as fragmented data, outdated interfaces, and inefficient workflows.
The unified SaaS-based platform combines decades of innovation to offer a comprehensive suite of tools:
- Markets Apps: Built on the expertise that Markit on Demand pioneered, these applications deliver real-time, visually compelling market data for actionable insights.
- Client Apps: Inspired by Markit Digital’s focus on accessibility and design, these apps transform client interactions with personalized, on-brand interfaces.
- Advisor Apps: Carrying forward the innovation that has long defined Fincentric’s offerings, these tools empower advisors with advanced analytics and streamlined workflows.
Powered by advanced AI, automation, and personalization, each app creates engaging, seamless digital experiences tailored to meet the demands of modern financial institutions.
For decades, Markit on Demand and Markit Digital have been synonymous with transforming complex datasets into intuitive and visually striking digital solutions. Now, as part of Communify Fincentric, that legacy continues to flourish. By combining this storied expertise with Communify’s design and technology innovations, Communify Fincentric is positioned to lead the next era of financial technology, delivering transformative tools that bridge the gap between market data and client engagement.
John Wise, Chairman and CEO of Communify Fincentric said, “We’ve followed Wall Street on Demand to Markit Digital/Markit on Demand to Fincentric over the years for their outstanding ability to create compelling user experiences with complex data sets to investors. Their numbers speak for themselves – their product gets 165 million logins per month, accessing over 563 million page views per day whilst leveraging 4,000 unique data feeds. Unifying Fincentric’s market data capabilities with Communify’s expertise in client data creates a strong digital partner for the financial markets. Our shared client-centric, design-centric mindset will be pivotal as we look to grow Communify Fincentric domestically and worldwide.”
Renee Spampinato, Global Head of Fincentric, said, “Historically, Markit on Demand built a reputation for delivering best-in-class market data solutions. Now, combining our market data excellence with Communify’s leading client data solutions creates a compelling value proposition. We’re thrilled to merge teams that share a commitment to design and innovation.”
Irina Krasik, Managing Director, Stellex Capital Management said, “We specialize in pairing strong assets with prominent operators in an effort to create value. We believe the JBI team in Communify has stellar credentials at growing businesses and were the best partners for this opportunity.”
To learn more about Communify Fincentric, visit www.communify.com.
About JBI
Just Build It (JBI) is a design and build company whose leadership team has decades of experience delivering digital and data solutions for some of the largest names in financial services. By deploying proven approaches and methodologies, JBI drives innovation and transforms the growth trajectory of existing companies.
About Stellex Capital Management
With offices in New York, Pittsburgh, Detroit, and London, Stellex Capital is a private equity firm managing over $2.8 billion in AUM. Leveraging an operationally focused investment approach, Stellex looks for opportunities where hands-on support can create lasting value. Additional information may be found at www.stellexcapital.com.
About Communify Fincentric
Communify Fincentric unites the communication of market data (Fincentric, formerly Markit on Demand / Markit Digital) and client data (Communify) to deliver unique, high-quality digital experiences for financial institutions. Its SaaS-based product suite includes Markets Apps, Client Apps, and Advisor Apps, powered by a knowledge base of 4,000+ unique data feeds and over 500M daily page views. These resources also fuel advanced AI for next-generation data communication, automation, and management.
To learn more, visit www.communify.com.
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